News

Vintage wines were on the menu March 16 as supporters of credit unions raised $170,000 to help sick children at a wine auction, according to the Financial Service Centers Cooperative, one of the sponsors of the event.

After an appeal by Paul Miller of an appellate court ruling in favor of Bank of America, the California Supreme Court has agreed to offer its opinion in the case involving the coverage of an overdraft using Social Security benefit funds.

With consumer lending, residential mortgages, and commercial real estate volumes declining, U.S. banks are quickly shifting their lending focus to small businesses, a segment that has been growing steadily for the past five years, a new study revealed.

The subprime meltdown on mortgages has a silver lining for credit unions, according to an analyst working for the California/Nevada Credit Union Leagues.

Oregon's state Capitol was smothered in credit union supporters last month.

Embarking on what is being called an "exciting and groundbreaking step" to build credit union consortiums in community outreach, the president of a $50 million Modesto, Calif. CU has revealed plans for a new "mentored" branch jointly funded and managed by three large Bay Area CUs.